$BTC has been explosive ever since the Monthly Open reclaim
- There was point around July 10th-11th that we starting picking up momentum with CB premium + increased volume
- We are retesting the VWAP since then + holding lower Weekly VWAP bands as support
- Coinbase has been trading at a discount rn, premium completely washed away while some strong spot selling came in (likely some de-risking / profit taking ig)
- Structurally speaking, unless we are forming another range here, the lows at 115k should be defended + $115-116.5k zone should hold for continuation into 120k again. This is my current long set-up
- Plan is to accumulate a long around the support zone and target a $5k move up. The key trigger to keep holding is CB premium spiking up again on US open OR we get a sharp dip on CPI which is too good to pass up
- If no CB premium but spike up on CPI, I will TP on that pump quickly and then look again, partially already in at 116.5 with room to add if we go lower (which seems unlikely before 120)
#BTCWhaleTracker
It took me 5 years to master trading
I lost millions testing different strategies
Mastering trading requires more than just watching price movements it demands the right tools. Here are the Top 9 Essential Trading Indicators every trader should know:
1. MACD (Moving Average Convergence Divergence)
A momentum indicator that reveals trend direction and potential reversals. Ideal for spotting bullish or bearish momentum shifts.
2. RSI (Relative Strength Index)
Measures the speed and change of price movements. It helps identify overbought or oversold conditions, signaling possible corrections.
3. VWAP (Volume Weighted Average Price)
Combines price and volume to provide an average trading price. Often used to assess the strength of a trend and guide intraday entries.
4. EMA (Exponential Moving Average)
A moving average that gives more weight to recent prices, making it responsive to market changes. Useful for identifying current trends quickly.
5. SMA (Simple Moving Average)
Calculates the average of a selected price range, typically over a set period. SMA smooths out price data to identify longer-term trends.
6. OBV (On-Balance Volume)
Uses volume flow to predict price changes. A rising OBV suggests buyers are accumulating positions, while a falling OBV indicates selling pressure.
7. ATR (Average True Range)
Measures market volatility by evaluating the average price range over time. Higher ATR indicates more significant price swings — crucial for setting stop-loss levels.
8. FIB (Fibonacci Retracement)
A tool for identifying potential support and resistance levels using Fibonacci ratios. Traders use it to predict price pullbacks within a trend.
9. CMF (Chaikin Money Flow)
Analyzes the flow of money into or out of an asset over a set period. Positive CMF values suggest accumulation; negative values indicate distribution.
Conclusion:
Each of these indicators offers unique insights into market trends, momentum, and potential price movements. Combining multiple indicators can strengthen your analysis and improve trade accuracy.
🧠 TL;DR:
❌ House rejects bundled crypto bill package despite Trump’s push
⚠️ Key concern: bundling crypto with defense spending
🔁 Second vote may come later today with revised structure
🏛️ U.S. House Rejects Crypto Rule Package — #Trump Pushes for Second Vote
Despite a strong push from Donald Trump, the U.S. House rejected a procedural vote that would have advanced three major crypto bills during “Crypto Week.”
📉 The proposal failed largely due to backlash from libertarian Republicans and House Freedom Caucus members, who opposed bundling the crypto bills with defense spending.
Trump had urged all Republicans to support the measure, calling the GENIUS Act vital to keeping the U.S. "lightyears ahead of China and Europe" in crypto regulation. According to Fox News, Trump is “pissed” and directly pressuring GOP lawmakers who voted no.
🧱 What Was in the Bill Package?
The motion would’ve combined:
✅ GENIUS Act – crypto regulatory innovation
✅ CLARITY Act – legal clarity for digital assets
🚫 Anti-CBDC Surveillance Act – bans a U.S. central bank digital currency
Speaker Mike Johnson said members want more individual say, while Rep. Chip Roy insisted that all crypto bills — especially the CBDC ban — need individual floor time.
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